Venturi has unveiled the VBB-3 with the help of Prince Albert II of Monaco and Princess Charlene on the runway of the Wendover airfield (Utah, USA).

The Venturi VBB-3 was developed with the assistance of Ohio State University and gets its power from two electric motors with a combined maximum output of more than 3000 horsepower and 2800 Nm (2065 lb-ft) of torque. The motors are backed by a Lithium iron phosphate (LiFePO4) battery.

The team is going after a new land speed record, but due to a poor weather conditions the FIA had to cancel this week’s attempts.

Venturi already holds the FIA world land speed record for an electric vehicle at 495 km/h (307mph) since 2010 and is striving to exceed 600 km/h (372.8mph) by 2014.